Debt collection tactics: Confessions

By Jack, on August 2nd, 2010

Most people I talk to feel guilty when they owe money. They want to pay it back, but they can’t. Debt collectors don’t care. As we have said elsewhere, they will say anything they think will get you to act on your guilt and send them cash. They do not care if you need the money for food. They do not care if the debt is legit. They do not care about the law, which severely restricts the practices of debt collectors. We have more on this in our feature article on Fair Debt Collection.

CNN interviewed ten debt collectors willing to tell the truth about their dirty business. Their stories are upsetting if you are not familiar with these people and their practices. Click to the article on Confessions about Debt Collection Tactics.